Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$675,007$675,007$1,602,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$926,993$0
Funding fee$3,375$3,375$0
Note rate3.480%3.480%7.320%
Blended rate3.480%5.951%7.560%
1st payment$3,499.61$3,499.61$11,004.63
2nd payment$0.00$5,986.83$0.00
Taxes / mo$1,483.33$1,483.33$1,483.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$320.40
HOA / mo$320.00$320.00$320.00
Total monthly$5,519.61$11,506.44$13,345.03
Cash to close$1,104,993$178,000$178,000